Discuss Martingale Trading System here. Martingale Trading System is a simple Forex trading strategy based on the probabilities. You can ask any questions about this strategy here.
Which EA?I used to try this EA is not profitable in the long term.
Yes, I've traded this strategy both manually and on EA and yes it's risky. And I don't recommend anyone else use Martingale strategies. I offer this system just for educational purposes.
What is POI?can the martingale be tweaked as a way of risk management like this:
When price has reached your POI and you activate the system with a definite large lot size and a large definite stop loss, It keeps on doubling the position until it is out of the POI zone and all closes. The system calculates the initial lot size to use, the multplying lotsize factor (from your inputed lot size and the POI zone range).
Just writing my thoughts out after reading your article on it. Is such feasible?
What i mean is using the martingale strategy between your zone. for example, i input the start here and stop here price level from the pics below and my lot size(e.g 1.0) i want to use on the EA with a multiplier (pips).....and when price gets to the "start here" price level, it calculates based on the red box range and multiplier and assigns a fraction of the lot size and when price moves towards the "stop here" price level, it keeps on adding fractions of the inputted lot size until it gets to the stop here and Stops. all fractions having the same stoploss which is the stop here price level@Jajaofopobo Then I don't understand how it might work. Basically, you would need to increase the trade size whenever the price is going against you. Any runaway trend would wipe an account employing such
I too find martingale trading strategy very risky as in this strategy we increase the allocated amount even if the value is dropping. I consider it gambling.I blew a few accounts in the early days using martingale. It goes great in choppy markets, but as soon as a strong trend takes off, it can be game over
You recommend that strategy?Discuss Martingale Trading System here. Martingale Trading System is a simple Forex trading strategy based on the probabilities. You can ask any questions about this strategy here.
Enivid has already stated the following:You recommend that strategy?
Yes, I've traded this strategy both manually and on EA and yes it's risky. And I don't recommend anyone else use Martingale strategies. I offer this system just for educational purposes.
Absolutely not. It's like betting on red or black at roulette and you increase the bet every time you lose, trust me it doesn't end well..You recommend that strategy?